thread Square Terminal as your only EFTPOS — honest 2+ year review in Hardware Setup & Troubleshooting https://community.squareup.com/t5/Hardware-Setup-Troubleshooting/Square-Terminal-as-your-only-EFTPOS-honest-2-year-review/m-p/839342#M9284 <P>We've been running a Square Terminal as our ONLY payment device for over 2 years. No bank terminal alongside it.</P><P><STRONG>The good:</STRONG><BR />- Setup was 10 minutes<BR />- Accepts everything — tap, chip, Apple Pay, Google Pay<BR />- Battery backup works during internet outages<BR />- Automatic deposits, no reconciliation headaches</P><P><STRONG>The not so good:</STRONG><BR />- Processing fees higher than traditional bank EFTPOS (1.6% vs ~1.0%)<BR />- Screen is small for complex transactions<BR />- Needs a restart once a month<BR />- Receipt paper isn't standard size</P><P><STRONG>Would I recommend it?</STRONG> For small businesses under $500K/year in card transactions — absolutely. For larger operations, do the maths on processing fees first.</P><P>What's your experience with Square hardware?</P> Thu, 26 Mar 2026 07:51:47 GMT Mobilebarn 2026-03-26T07:51:47Z Square Terminal as your only EFTPOS — honest 2+ year review https://community.squareup.com/t5/Hardware-Setup-Troubleshooting/Square-Terminal-as-your-only-EFTPOS-honest-2-year-review/m-p/839342#M9284 <P>We've been running a Square Terminal as our ONLY payment device for over 2 years. No bank terminal alongside it.</P><P><STRONG>The good:</STRONG><BR />- Setup was 10 minutes<BR />- Accepts everything — tap, chip, Apple Pay, Google Pay<BR />- Battery backup works during internet outages<BR />- Automatic deposits, no reconciliation headaches</P><P><STRONG>The not so good:</STRONG><BR />- Processing fees higher than traditional bank EFTPOS (1.6% vs ~1.0%)<BR />- Screen is small for complex transactions<BR />- Needs a restart once a month<BR />- Receipt paper isn't standard size</P><P><STRONG>Would I recommend it?</STRONG> For small businesses under $500K/year in card transactions — absolutely. For larger operations, do the maths on processing fees first.</P><P>What's your experience with Square hardware?</P> Thu, 26 Mar 2026 07:51:47 GMT https://community.squareup.com/t5/Hardware-Setup-Troubleshooting/Square-Terminal-as-your-only-EFTPOS-honest-2-year-review/m-p/839342#M9284 Mobilebarn 2026-03-26T07:51:47Z